CAPITAL STROKE COMMODITY UPDATE 26 MARCH 2014 : MCX NATURAL GAS

Natural gas futures ended sharply higher in the domestic market on Tuesday as investors and speculators booked fresh positions in the energy commodity tracking firm global cues as forecast for snow storms in the US Northeast bolstered the demand outlook for the heating fuel. The US National Weather Service forecasted a storm to form over the Atlantic which may hit the US Northeast coast while Blizzard warnings were issued in the region. At the MCX, Natural gas futures for March 2014 contract closed at Rs. 265.60 per mmBtu, up by 2.31 per cent,...

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CAPITAL STROKE COMMODITY UPDATE 26 MARCH 2014: MCX CRUDE OIL

Crude oil futures ended lower in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity after a report said that US crude oil stockpiles rose last week, signaling weakening demand for the fuel in the world’s biggest crude oil consumer. Crude oil futures may trade lower today ahead of data which may show that US crude oil stockpiles rose for the tenth week on the trot. At the MCX, Crude Oil futures, for the April 2014 contract closed at Rs 6,024 per barrel, down by 0.99 per cent, after opening at...

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CAPITAL STROKE COMMODITY UPDATE 19 MARCH 2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 269.9-279.7. Natural gas dropped as forecasts for mild weather in the near-term was expected to reduce demand for the heating fuel. The Commodity Weather Group said the weather would be mostly normal in parts of the Midwest and Southeast through March 22 before turning colder. Total U.S. natural gas storage stood at 1.001 trillion cubic feet, the lowest for this time of year since 2003. The heating...

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